Asian ADRs Move Higher in Tuesday Trading

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American depositary receipts of Asian stocks were trading 1.25% higher at 155.42 on the Bank of New York Mellon Asia ADR Index on Tuesday.

In North Asia, the gainers were led by wealth management firm Jupai Holdings ( JP ) and brand and marketing firm Acorn ( ATV ), which rose 7.2% and 3.9% respectively. They were followed by fabless semiconductor company Himax Technologies ( HIMX ) and online sports lottery service provider 500.com ( WBAI ), which were up 3.7% and 2.9%.

The decliners in North Asia were led by digital and mobile healthcare platform 111, Inc. ( YI ) and wealth management company Noah Holdings (NOAH), which fell 4.7% and 3.5% respectively. They were followed by online direct sales provider LexinFintech (LX) and online consumer finance marketplace PPDAI (PPDF), which were down 3.2% a 1.7%.

In South Asia, the gainers were led by pharmaceutical company Dr. Reddy's Laboratories (RDY) and automaker Tata Motors (TTM), which rose 2.3% and 1.5% respectively. They were followed by ICICI Bank (IBN) and HDFC Bank (HDB), which were up 1.7% and 1%.

Telecommunications operator PLDT (PHI) was the only decliner in South Asia, falling 0.4%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: JP , ATV , HIMX , WBAI , YI

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